McDonald’s Co. (NYSE:MCD) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC cut its position in shares of McDonald’s Co. (NYSE:MCD) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 84,604 shares of the fast-food giant’s stock after selling 2,057 shares during the period. McDonald’s accounts for 1.1% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 26th biggest position. Alpha Cubed Investments LLC’s holdings in McDonald’s were worth $24,526,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans boosted its stake in McDonald’s by 10.1% in the second quarter. Thrivent Financial for Lutherans now owns 195,638 shares of the fast-food giant’s stock valued at $49,856,000 after acquiring an additional 17,995 shares during the period. Mount Yale Investment Advisors LLC boosted its position in McDonald’s by 12.8% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 3,470 shares of the fast-food giant’s stock valued at $884,000 after purchasing an additional 395 shares during the period. Epoch Investment Partners Inc. grew its stake in McDonald’s by 5.2% during the 2nd quarter. Epoch Investment Partners Inc. now owns 233,487 shares of the fast-food giant’s stock worth $59,502,000 after buying an additional 11,584 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in McDonald’s by 8.5% in the second quarter. EverSource Wealth Advisors LLC now owns 8,138 shares of the fast-food giant’s stock worth $2,160,000 after buying an additional 639 shares during the period. Finally, DRW Securities LLC increased its position in McDonald’s by 53.3% in the second quarter. DRW Securities LLC now owns 3,982 shares of the fast-food giant’s stock worth $1,014,000 after buying an additional 1,384 shares during the period. Institutional investors own 70.29% of the company’s stock.

McDonald’s Stock Up 0.4 %

MCD stock opened at $280.90 on Tuesday. The company has a 50 day moving average of $292.54 and a two-hundred day moving average of $287.50. The company has a market cap of $201.30 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 3.65 and a beta of 0.73. McDonald’s Co. has a 12-month low of $243.53 and a 12-month high of $317.90.

McDonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 29th. The fast-food giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.18 by $0.05. The company had revenue of $6.87 billion for the quarter, compared to analyst estimates of $6.82 billion. McDonald’s had a negative return on equity of 175.42% and a net margin of 31.79%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.19 EPS. On average, research analysts anticipate that McDonald’s Co. will post 11.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Guggenheim lowered shares of McDonald’s from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, October 23rd. Bank of America upped their target price on shares of McDonald’s from $321.00 to $324.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Wells Fargo & Company lifted their price target on McDonald’s from $285.00 to $350.00 and gave the company an “overweight” rating in a report on Monday, October 21st. Argus raised McDonald’s from a “hold” rating to a “buy” rating in a report on Tuesday, October 8th. Finally, Citigroup raised McDonald’s from a “neutral” rating to a “buy” rating and lifted their target price for the company from $311.00 to $334.00 in a research note on Friday, January 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $321.39.

Insider Activity at McDonald’s

In other McDonald’s news, EVP Marion K. Gross sold 1,499 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $294.51, for a total transaction of $441,470.49. Following the transaction, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at $459,435.60. This represents a 49.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Desiree Ralls-Morrison sold 3,409 shares of the business’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $290.15, for a total value of $989,121.35. Following the completion of the sale, the executive vice president now directly owns 9,675 shares of the company’s stock, valued at $2,807,201.25. This represents a 26.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,704 shares of company stock valued at $2,829,428. 0.23% of the stock is currently owned by corporate insiders.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.